#Trump attorney Chris #Kise argued to NY Supreme Court Justice Arthur #Engoron, that regardless of what was in Trump's #financial statements, they did not make a material difference to bankers who approved #loans to Trump.

Kise says there was no testimony presented at trial by anyone at Trump #lender #DeutscheBank or other lenders that said they would have proceeded differently had they known Trump's accurate financial condition.

#TrumpTrial #civil #law #fraud #NYAG

#Ivanka said she hasn't worked at the #TrumpOrganization since Jan. 2017, but she has still received payments from financial interests in different aspects of the company.

#NYAG asked Ivanka about efforts by #Trump in 2011 to get financing for the redevelopment of the #Doral course. As we've heard before, the #TrumpOrg was shopping around before landing on #DeutscheBank as a #lender.

#legal #law #civil #conspiracy #fraud #TrumpTrial

(After lunch break, #Trump back on the stand, #NYAG Kevin Wallace resumed direct.)

Moved on to #DeutscheBank, as heard in testimony & evidence earlier in the trial, #Deutsche, the German #lender was Trump's largest creditor, & loaned him HUNDREDS of MILLIONS of dollars during the years at issue, 2011 to 2021.
Trump primarily dealt w/their private wealth management business.

#TrumpTrial #law

Wallace explained how the #financial statements were used. He tells a story of #Trump meeting w/a potential #lender, & the company sending an email afterward w/the statement attached & a note: “Hope you will be impressed.”

Wallace has moved on to why the #defendants concocted this #conspiracy. He argues that beyond just a place on the #ForbesBillionaireList, the defendants knew a high net worth was necessary to maintain #financial benefits, such as securing a #loan at a lower rate.

#law